Case Study: Rodan Builders doubles early payment discounts with Earlytrade

Rodan Builders boosts early payment discounts 2.5x with Earlytrade

Rodan Builders, a construction general contractor, faced an ad hoc and inefficient process for handling subcontractor requests for early payments. Their manual system was time-consuming and left significant financial opportunity untapped, all while the company was seeking better returns on its cash reserves than those offered by declining money market yields. They selected the GC-funded early payment platform from Earlytrade to solve this challenge.

Earlytrade provided a voluntary platform that gave Rodan Builders control over cash deployment and integrated directly with their Viewpoint Vista ERP system. This solution delivered a 2.5x increase in early payment discounts, generating $143,000 in savings in its first year. The program also improved fairness for subcontractors and is on pace to outperform Rodan's previous treasury yields.

Rodan Builders